The United States-Mexico-Canada Agreement (USMCA) is a trade deal that replaced the older North American Free Trade Agreement (NAFTA). It aims to boost trade between the three countries: the United States, Mexico, and Canada. The agreement focuses on modernizing trade rules, improving labor standards, and increasing protections for intellectual property.
One of the key features of the USMCA is its emphasis on the automotive industry, requiring a higher percentage of car parts to be made in North America. This helps create jobs and supports local economies. Overall, the USMCA strengthens economic ties and promotes fair trade practices among the three nations.